It is currently Sun Nov 28, 2021 11:49 am


Guildford Terrace

if it's about Cardiff.. Sport, Entertainment, Transportation, Business, Development Projects, Leisure, Eating, Drinking, Nightlife, Shopping, Train Spotting! etc.. then we want it here!
  • Author
  • Message
Offline

LocalLurker

  • Posts: 212
  • Joined: Wed Oct 22, 2014 7:23 pm

Re: Guildford Terrace

PostWed Mar 17, 2021 11:18 pm

WalesOnline's take on the scheme

https://www.walesonline.co.uk/news/wale ... g-20192111

Just be careful to avoid the comments from the usual nutters!
Offline

Peiriannydd

  • Posts: 609
  • Joined: Thu Nov 12, 2015 9:12 pm

Re: Guildford Terrace

PostWed May 05, 2021 12:51 pm

LocalLurker wrote:WalesOnline's take on the scheme

https://www.walesonline.co.uk/news/wale ... g-20192111

Just be careful to avoid the comments from the usual nutters!


The alternative universe where these sorts of people want to live really frightens me!
Offline

Peiriannydd

  • Posts: 609
  • Joined: Thu Nov 12, 2015 9:12 pm

Re: Guildford Terrace

Offline

dazplott

  • Posts: 35
  • Joined: Wed Oct 22, 2014 8:53 pm

Re: Guildford Terrace

PostThu Nov 04, 2021 2:15 pm

Ive no issue with this development per se, but I do find it deeply egregious that the developers have managed to weasel their way out of paying the affordable housing element of the section 106 contribution. I think some serious questions need to be asked about the way viability assessments are conducted and validated. It beggars belief that a development of this scale in the the current residential market can produce a viability assessment that allows for only £500K in s.106 contributions.
Offline

Ash

  • Posts: 1015
  • Joined: Wed Jul 30, 2014 12:28 pm

Re: Guildford Terrace

PostThu Nov 04, 2021 9:33 pm

Agreed. This trick has been used by developers for decades now.

At the very least the viability assessments that developers use to get around section 106 should be made public. Then at least we could see just how shonky they are. A whole industry has developed around providing developers with bogus reports around so called viability. The whole thing is a disgrace.
Offline

dazplott

  • Posts: 35
  • Joined: Wed Oct 22, 2014 8:53 pm

Re: Guildford Terrace

PostFri Nov 05, 2021 10:26 am

We can assume that the “developer”, or whatever special purpose vehicle has been set up for this, is making at least 20% on the deal as this is what the viability assessment aims to protect. However, the real value of reducing the s106 is going to the landowners. The developer was able to effectively overpay for the land knowing that their 20% margin is protected by the viability rules.

We need more than just transparency - the rules need to be changed and responsibility for this falls to the Welsh Government. I’m surprised they haven’t decided to go their own way on this. Perhaps they are concerned about not making Wales seem less attractive to property developers than England?
Offline

jacobfox

  • Posts: 22
  • Joined: Wed Jan 15, 2020 11:42 am

Re: Guildford Terrace

PostFri Nov 05, 2021 12:58 pm

Will this be the tallest tower in Cardiff, 30 storeys should put it around the 95m mark?
Previous

Return to Cardiff Wales Map forum

Who is online

Users browsing this forum: No registered users and 2 guests